monday.com Ltd. (MNDY): A Bull Case Theory

We came crossed a bullish thesis connected monday.com Ltd. connected Lewistown Capital’s Substack by Ryan Seawell. In this article, we volition summarize the bulls’ thesis connected MNDY. monday.com Ltd.'s stock was trading astatine $143.86 arsenic of November 28th. MNDY’s trailing and guardant P/E were 116.96 and 27.62 respectively according to Yahoo Finance.

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monday.com Ltd., unneurotic with its subsidiaries, develops bundle applications successful the United States, Europe, the Middle East, Africa, the United Kingdom, and internationally. MNDY emerges arsenic a uniquely disciplined and culturally beardown SaaS institution operating successful a monolithic TAM, with its level flexibility positioning it good for the AI era.

A defining vantage is the company’s ownership-driven culture, built done transparency, autonomy, and small, empowered teams. Glassdoor information reinforces this narrative, consistently highlighting a beardown culture, precocious standards, agelong hours, and a fast-paced environment—attributes echoed by outer signals showing an unusually affirmative income civilization contempt pugnacious work-life balance.

This taste instauration aligns with Monday’s long-standing fiscal discipline, shaped aboriginal connected erstwhile superior was scarce. Management has maintained an obsessive absorption connected currency efficiency, utilizing currency payback—not accepted SaaS metrics—as the existent barometer of product-market fit. Their doctrine has been to hole the merchandise and funnel alternatively than overspend, recycling selling dollars rapidly and moving an exceptionally businesslike GTM engine. Even arsenic hiring ramped successful 2023 to enactment caller AI initiatives and upmarket expansion, the institution is present easing headcount maturation portion preserving its disciplined operating mindset.

Ownership trends further enactment stability, with cardinal insiders retaining ample stakes adjacent arsenic aboriginal investors person exited. While Monday has accumulated currency alternatively than prosecute assertive M&A, absorption signals that aboriginal acquisitions—if any—will beryllium small, focused connected capabilities that accelerate the roadmap, peculiarly successful CRM, Service, and AI. A recently authorized $870M buyback provides different lever for worth instauration amid caller banal weakness.

Despite AI-driven competitory uncertainty from giants similar Microsoft and Google, Monday’s beardown fundamentals, durable 20%+ maturation guide, expanding level vision, and imaginable stickiness crossed Work Management, CRM, Service, automations, and agents marque the existent valuation unusually compelling.

Previously we covered a bullish thesis connected monday.com (MNDY) by @bigbullcap successful May 2025, highlighting resilient maturation and charismatic valuation amid sector-wide compression. The banal has depreciated by 50.15% since then, chiefly owed to macro-driven bundle weakness. Still, the thesis stands arsenic Monday remains a high-quality compounder. Ryan Seawell echoes this view, emphasizing its beardown civilization and exceptional fiscal discipline.